All good points. I may have to rethink my plans.
Mach 1- Why not go in debt to build a motor? I go into debt from spending so much a month on bars, dinner out and cigaretts(150 a month!) So, I figure cut those things out in bring in a healthy hobby.
86GT- Did you need someone to co-sign for that loan?
95mustanggt- Debt does suck, but live and learn. I just don't want to get in over my head.
btr- Getting real world experience is just as important as studying.
Do you think the bank will view this as a high risk loan and give me an outragous rate?
Do you think a $2000 dollar loan would be more feasible?
Also, do you think if I put everything on my credit card and paid $600 a month at 14%(I think) would this work out better than a bank loan?
So many things to consider....
Thanks, Eric